Note: Basic salary Rs.35150/- and Gross Salary Rs.65000/- per month. There may be difference in the amount other than basic pay according to the location of job posted anywhere in India.

Different levels & Selection Process for RBI Grade B examination

There are three different levels of RBI Grade B examination:

Phase 1

Phase 2

Interview

Phase 1: Objective Written Examination This is a two-hour examination, having 200 questions. A student scores +1 mark for each correct answer and a penalty of -0.25 for each incorrect response. There is no penalty for not attempting questions. The score obtained in Tier – I examination is not considered in the final score. So it is merely a qualifying examination. Generally, the examination is conducted in different time slots over a window of 2-4 days. The ‘corrected-scores’ obtained by each of the candidates in different sessions (if held) will be normalized using equipercentile method. A candidate has to secure minimum marks separately in each subject as well as aggregate. The question paper pattern is: More

Syllabus of Phase 2 RBI Grade B examination?

Paper-I – Economic and social Issues

Growth and Development – Measurement of growth: National Income and per capita income – Poverty Alleviation and Employment Generation in India – Sustainable Development and Environmental issues. Economic Reforms in India – Industrial and Labour Policy – Monetary and Fiscal Policy – Privatization – Role of Economic Planning. Globalization – Opening up of the Indian Economy – Balance of Payments, Export – Import Policy – International Economic Institutions – IMF and World Bank – WTO – Regional Economic Co-operation. Social Structure in India – Multiculturalism – Demographic Trends – Urbanization and Migration – Gender Issues – Social Justice : Positive Discrimination in favor of the under privileged – Social Movements – Indian Political System – Human Development – Social Sectors in India, Health and Education.

Paper-II – English (Writing Skills)

The paper on English shall be framed in a manner to assess the writing skills including expression and understanding of the topic.

(II) Management:

Management: its nature and scope; The Management Processes; Planning, Organization, Staffing, Directing and controlling; The Role of a Manager in an Organization. Leadership: The Tasks of a Leader; Leadership Styles; Leadership Theories; A successful Leader versus an effective Leader. Human Resource Development: Concept of HRD; Goals of HRD; Performance Appraisal – Potential appraisal and development – Feedback and Performance Counseling – Career Planning – Training and Development – Rewards – Employee Welfare. Motivation, Morale and Incentives: Theories of Motivation; How Managers Motivate; Concept of Morale; Factors determining morale; Role of Incentives in Building up Morale. Communication: Steps in the Communication Process; Communication Channels; Oral versus Written Communication; Verbal versus non-verbal Communication; upward, downward and lateral communication; Barriers to Communication, Role of Information Technology. Corporate Governance: Factors affecting Corporate Governance; Mechanisms of Corporate Governance.

What are the roles of RBI?

RBI is the Regulator of Financial System

Controlling money supply in the system,

Monitoring different key indicators like GDP and inflation,

Maintaining people’s confidence in the banking and financial system, and

Providing different tools for customers’ help, such as acting as the “Banking Ombudsman.”

RBI is the Issuer of Monetary Policy

Inflation control

Control on bank credit

Interest rate control

RBI is the Issuer of Currency

Section 22 of the RBI Act gives authority to the RBI to issue currency notes. The RBI also takes action to control circulation of fake currency.

RBI is the Controller and Supervisor of Banking Systems

Public sector banks

Private sector banks

Foreign banks

Co-operative banks, or

Regional rural banks

Manager of Foreign Exchange

RBI manages forex under the FEMA- Foreign Exchange Management Act, 1999. In order to

facilitate external trade and payment

promote development of foreign exchange market in India.

Eligibility Criteria for RBI Grade B examination

Age : Between 21 and 30 years. For candidates possessing M.Phil. and Ph.D. qualification, upper age limit will be 32 and 34 years respectively. For candidates having experience as an officer in Commercial Bank/ Financial Institution in Public Sector as also prior experience in Reserve Bank of India, upper age limit is relaxed to the extent of number of years of such experience, subject to a maximum of three years. For such candidates, upper age limit should not exceed 33 years including experience. For experience, probationary period will not be reckoned. Educational Qualifications: A minimum of 60% marks (50% in case of SC/ST/PWD) or an equivalent grade in Bachelor’s degree as well as in 12th and10th standard examinations. The minimum qualifying percentage or an equivalent grade for the Bachelor’s Degree will be in aggregate for all semesters/years. Number of attempts: Candidates belonging to unreserved i.e. General Category, who had already appeared Six times for Phase-I Examination for this post in the past, are not eligible to apply. No such restriction applies to candidates belonging to SC/ST/OBC/PWD, if the posts are reserved for them. More

Cut off of RBI Grade B Exam 2017

Exam 2017 Cut Off

Section wise and aggregate cut off marks in Phase – I examination held on June 17, 2017 for shortlisting the candidates for Phase-II examination for the post of Grade B Officers (DR).

Books recommended for RBI Grade B Exam

Mere coverage of all the below mentioned books does not ensure selection due to the nature of examination. Application of concepts and learnings determine success. Therefore, do not just focus on covering all the books. Also focus on understanding and applying what you read.

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GENERAL AWARENESS: (helpful in all 3 stages) ​

LUCENT’s General Knowledge for Static Part of GA Online Blogs and newspapers for current affairs- The Hindu/ Livemint/ Business standard/ Scroll.in/ The Indian Express

RBI Grade B Phase 2 comprises of 3 papers- English, Economic and Social Issues (ESI) and Finance and Management. While English is Descriptive, ESI and Finance and management are objective papers. Marks of RBI Grade B exam phase 2 and phase 3 are combined to prepare merit list of candidates for RBI exam.

Does RBI stick to the syllabus for RBI GRADE B examination?

No it does not. Over the last two years, RBI has been asking all kinds of questions outside the syllabus mentioned by it. In finance and management for RBI Grade B Exam, the trend is more pronounced with many technical areas being covered. These are not at all mentioned in the syllabus. ​ However, the silver lining is that there is a trend. RBI is using certain areas in Finance and Management to frame questions. The trick is to cover those and related areas thoroughly if one wants to be proactive in preparation of RBI GRADE B. Relying on past year examination is not going to make sure that your name appears in the list, being proactive and one step forward than others can! I have mentioned books that need to be covered for RBI GRADE B 2017 in some questions of Quora. Please make sure that you do not rely on books and syllabus mentioned by RBI. They do not solve the purpose. ​ To know about Break up of Books chapter wise, booklist as well as method of preparing for RBI Grade B Exam, you can use the following links: ​

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